
24 March 2024 | 19 replies
And in the end didn't make me money and the loans I had on them actually prevented me from getting additional loans on other better deals.Anyway, here are the specifics:1) purchased 7/1997 @ $80k, $500 down payment, cashflow appx $150/mth as long as there were no major repairs or maintenance items, great % returns but very little $ returns.Sold 5/2016 @$67k, after about $7k rehabwas about $250/mth cash flow at time of saleOh, and it took many months to sell, therefore costing me additional holding costs with no cash flow2) purchased 9/1998 @ $71k, Similar and same area as #1 - $500 down payment, cashflow appx $150/mth Sold 4/2016 @$72k,after about $9k rehabwas about $250/mth cash flow at time of saleand also took many months to sellFor fun, I just looked up their zillow as of today and 1 recently resold for $85kNow, today, there are a lot more resources to easily research market areas, etc, so I now do more research to find markets with more demand and growth potential.

24 March 2024 | 10 replies
A good handyman and possibly a realtor for future leases/other items and you should be good.

23 March 2024 | 8 replies
For every singular item you need to go right there are 10 things that can go wrong.

22 March 2024 | 4 replies
I would recommend you read the book 'ninja selling,' as it provides you with a solid plan and schedule filled with action items to follow and execute to get results (if you follow it) And its not cringey, salesman strategies.

22 March 2024 | 3 replies
Have items removed from it and then buy some trade lines to boost your score in just a few months.

22 March 2024 | 19 replies
thanks If you bought it vacant, then many of the expenses may have in fact been acquisition costs to be added to basis or depreciated separately. 100% bonus depreciation was available on certain improvements or items PURCHASED AND PLACED IN SERVICE after 9/27/17.The 750 have to be in Development or redevelopment, Construction or reconstruction, acquisition or conversion, rental, management or operation, leasing, brokerage.

22 March 2024 | 7 replies
On the monthly statements it should have an itemized bill.

21 March 2024 | 1 reply
But in a big $ item, like a FULL tile roof replacement, get 2-3 quotes.

21 March 2024 | 1 reply
A 2nd appraiser may not flag the same items at all; speaking from experience.

21 March 2024 | 3 replies
When I finished my closing There is an attached rider ( 1-4 Family Rider, assignment of rents) to the deed stating that Covenant Item 6 of the Security Deed is deleted.